v3.26.1
Real Estate Activity (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of the Real Estate Owned
Below is a summary of our real estate as of June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
Land$117,513 $113,357 
Building and improvements496,516 500,292 
Tenant improvements20,399 20,388 
Construction in progress63,501 56,163 
   Total cost697,929 690,200 
Less accumulated depreciation(94,712)(87,769)
Total real estate$603,217 $602,431 
Schedule of Gain Loss on Real Estate Transactions
Gain on sale or write down of assets, net for the three and six months ended June 30, 2026 and 2025 consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Land (1)$814 $947 $1,412 $4,092 
Multifamily Properties (2)— — (213)— 
Other— — — 746 
Total$814 $947 $1,199 $4,838 
(1)Includes the gain on dispositions of land from our investment in Windmill Farms and other land holdings.
(2)This represents additional costs associated with Villas at Bon Secour, a 200 unit multifamily property in Gulf Shores, Alabama, which we sold on October 10, 2025.